Winning a car, what to do?

wayne0308

A bit of a hypothetical situation this one. There's a draw on in Dublin for a '09 Golf GTi. I put myself in for it. It would be fantastic to win but knowing my luck it would never happen.

But let's say I did. I'm on a learners permit and I would imagine no insurance company in Ireland would insure a guy with 3 months driving experience on a Golf GTi (and rightly so). The only options as far as I can think would be:

1)Selling the car - Would a garage take this car for cash? How much would you get privately (I think they cost 34,000euro new), and of course would anyone buy it?

2)Keep the car - The cost would be too much for me I think, but would a garage take it as a full trade in for a 1.4 Golf with a few optional extra's?

Sizzler

wayne0308 wrote: »

A bit of a hypothetical situation this one. There's a draw on in Dublin for a '09 Golf GTi. I put myself in for it. It would be fantastic to win but knowing my luck it would never happen.

But let's say I did. I'm on a learners permit and I would imagine no insurance company in Ireland would insure a guy with 3 months driving experience on a Golf GTi (and rightly so). The only options as far as I can think would be:

1)Selling the car - Would a garage take this car for cash? How much would you get privately (I think they cost 34,000euro new), and of course would anyone buy it?

2)Keep the car - The cost would be too much for me I think, but would a garage take it as a full trade in for a 1.4 Golf with a few optional extra's?

Best of luck mate but the reality is you could shave 25% off the retail price if you wanted the garage to take it back off you.

Boyle Sports gave away an Audi TT in a competition back in May, the retail price was 51k and Ballsbridge motors offered the guy 37k to "take it off his hands" :eek:

keefg

Check the T&C's of the competition to see if there is a cash alternative.

wayne0308

Sizzler wrote: »

Best of luck mate but the reality is you could shave 25% off the retail price if you wanted the garage to take it back off you.

Boyle Sports gave away an Audi TT in a competition back in May, the retail price was 51k and Ballsbridge motors offered the guy 37k to "take it off his hands" :eek:

I was afraid that was the case, but it's to be expected. It's still an awful lot of money for me though.

Check the T&C's of the competition to see if there is a cash alternative.

Sadly there's not, they had the car on display where I bought the raffle tickets. It was lovely

Sizzler

wayne0308 wrote: »

I was afraid that was the case, but it's to be expected. It's still an awful lot of money for me though.

Its a lot of money for most people! I wouldnt get hung up on it, you would still be getting a large sum of cash you wouldnt have otherwise had so cant really complain

junkyard

Optimistic or what!!!!:) I'M WINNING A CAR, well i might be winning a car. I though you wanted us to pick the colour for you? Good luck anyway.:)

wayne0308

junkyard wrote: »

Optimistic or what!!!!:) I'M WINNING A CAR, well i might be winning a car. I though you wanted us to pick the colour for you? Good luck anyway.:)

Ah no, I'm under no illusions that I'm going to win it or anything but it would be fantastic if I did though. It was just on my brain this morning when I got up and I was thinking 'damn, what if I do win? What am I going to do, I'd never get insured.'.

omb0wyn5ehpij9

Without a shadow of a doubt I would sell the car. I would try sell it privately first, but if I had no luck, then would see what a few garages would give me!

junkyard

I was only messing with you, good luck with it anyway, you can "worry" about that when you win it.:)

Theanswers

Insurance shouldnt be a problem, at least not if your put down as a named driver, it wont be a big a deal as you think! Good luck on with the car though!!!

Padraig Mor

Slightly OT but anyway......

Last year I got entered into a draw coz I test drove an Alfa. Prize: trip to Milan to drive the 8C. And for the first time in my life - I actually won something! But I couldn't go!!!!:mad::mad::mad::mad: Damn baby was born the day I would have flown over! :(;)

wayne0308

Padraig Mor wrote: »

Slightly OT but anyway......

Last year I got entered into a draw coz I test drove an Alfa. Prize: trip to Milan to drive the 8C. And for the first time in my life - I actually won something! But I couldn't go!!!!:mad::mad::mad::mad: Damn baby was born the day I would have flown over! :(;)

I nearly would have went just kidding. Gives me a bit of hope, I've never won anything either but bloody scratch cards.

Insurance shouldnt be a problem, at least not if your put down as a named driver, it wont be a big a deal as you think! Good luck on with the car though!!!

That's true actually, I'd say if it came down to that my father would do it. Cheers mate.

EPM

Padraig Mor wrote: »

Slightly OT but anyway......

Last year I got entered into a draw coz I test drove an Alfa. Prize: trip to Milan to drive the 8C. And for the first time in my life - I actually won something! But I couldn't go!!!!:mad::mad::mad::mad: Damn baby was born the day I would have flown over! :(;)

That'll teach ya...keep your powder dry:p

seamus

wayne0308 wrote: »

1)Selling the car - Would a garage take this car for cash? How much would you get privately (I think they cost 34,000euro new), and of course would anyone buy it?

Either way it's free money. Your options are to give it to a garage or to spend a few weeks of your life dealing with wasters, chancers and tyre-kickers for the sake of an extra few grand which you never had in the first place.

If I really liked the car I won, I would sell it and buy the same model but two years old and enjoy the cash I'm walking away with.

Let's say for arguments' sake that a garage will give you €30k for an '09 Golf GTi. Take the 30k, buy an '07 Golf GTi for €18k and put 12 grand in the bank to pay for your insurance for the next four years.

Result.

Lex Luthor

nobody ever wins these draws, do they?

Henry Ford III

I won an Aygo!

wayne0308

Henry Ford III wrote: »

I won an Aygo!

I was in a draw for one of those too, what did ya do with it?

antodeco

Henry Ford III wrote: »

I won an Aygo!

Was that in Liffey Valley? I wanted to win one. Store it up for the next 20 years

R.O.R

If it's the GTi in Omni (Santry) then it's the old model. I think VW had these for sale for around €26k to shift them before the new GTI came out.

Still a cracking car, but you'd be looking at around €22 ish to sell.

benj

you could swap me for my diesel mondeo and you would get insurance on that

Henry Ford III

wayne0308 wrote: »

I was in a draw for one of those too, what did ya do with it?

Sold it privately. I was delighted, and the buyer got a new car at a bit of a bargain price.